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Monti Aims to Seek $1.36 Billion
In Taxes From France Telecom

By

Cassell Bryan-Low Staff Reporter of THE WALL STREET JOURNAL

Updated July 16, 2004 12:01 a.m. ET

PARIS -- The European Union's competition commissioner, Mario Monti, plans to recommend to the European Commission on Tuesday that the EU demand France Telecom SA pay &euro;1.1 billion ($1.36 billion) in unpaid taxes, plus interest, as a result of an inquiry into whether the company benefited unfairly from state aid.

But Mr. Monti is unlikely to seek to recover an additional &euro;7 billion from the company in a related...